Asian shares on slippery slope as Trump ups ante in trade war

Asian shares started the week in the red on Monday, faltering for the eighth straight day while the dollar held on to recent gains as US President Donald Trump raised the stakes in the heated trade dispute with China.

MSCI’s broadest index of Asia-Pacific shares outside Japan was last down 0.7 percent, piling on losses from last week when it dropped 3.5 percent for its worst weekly showing since mid-March.

Japan's Nikkei opened lower but quickly pared losses after revised second quarter gross domestic product data showed the world's third-biggest economy grew at its fastest pace since 2016.

Chinese shares were also down with the blue-chip index off 1 percent while Shanghai's SSE Composite stumbled 0.7 percent. Hong Kong's Hang Seng index slipped 0.9 percent.

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